RNS Hotlist with Zak Mir: ORPH, DVRG, MSYS, Pluto Digital, AVCT, RMM, EST, GGP, CSFS, TSTL, ECR, GILD & VDTK via Vox Markets

Open Orphan (ORPH), a specialist contract research organisation, said it is developing the world’s first Omicron human challenge model.

Author @ZaksTradersCafe

hVIVO has signed an agreement with Vaxart Inc. to develop the model with the intent to conduct a subsequent Omicron human challenge study in 2023 to test the efficacy of Vaxart’s oral vaccine candidate, VXA-CoV2-1. The characterisation study will establish a dose of the Omicron challenge agent that will cause a safe and reliable infection in healthy volunteers.

DeepVerge (DVRG), announced that Modern Water has secured Q2 orders in excess of £3m in China and South Asia for delivery during the current financial year. The company said significant sales of water monitoring and membrane water recovery have been secured with Tier 1 partners. This includes a new vertical in the technology sector, specifically microchip fabrication manufacturers, opening up a very large new vertical worldwide market for the Modern Water division. The Modern Water sales teams in US, the EU, China and South Asia have put strategies in place to diversify which has led to the opening up of new verticals and growth in new markets.

Microsaic Systems (MSYS) announced an unaudited trading update for the six months ended 30 June 2022. The company said that the launch of the Microsaic Services Division, earlier this year, has resulted in an uplift of 40% in revenues to £701k in H1 2022 (H1 2021: £499k) and a healthy order book for H2. The provision of these services only commenced in April and include R&D Engineering Consultancy, Analytical and AI Software Service Programmes designed for the medical device, environmental, aerospace and food industries.

Pluto Digital, the crypto tech and operations company, announced that it has taken the unprecedented step of protecting users of the YOP platform from the short-term volatility in the crypto market by guaranteeing Ethereum (ETH) withdrawals from the ETH Vault. It has achieved this by depositing 60 ETH of the Group’s own reserves. The company said the move is designed to ensure that any users who wish to withdraw their funds can do so safely and at no loss.

Avacta Group (AVCT), a clinical stage biopharmaceutical company, announced that LG Chem Life Sciences has exercised its renewal option as part of the ongoing collaboration with Avacta, triggering a license renewal fee payment to Avacta of $2 million.

Rambler Metals and Mining (RMM), a copper and gold producer, explorer and developer, said it has authorised the issuance of 70,426 shares to Priya Patil and Richard Round, each of whom are independent directors on the board of the Company. In order to conserve cash in the company, the directors agreed to receive their annual fees in shares, and each will receive 35,213 Ordinary Shares.

East Star Resources (EST), the Kazakhstan-focused gold, rare earths and copper explorer, announced rock chip assay results from samples taken during geological surveys conducted over the Alatagyl target in April 2022 on the Dalny licence on the Chu-Ili Gold Belt in central Kazakhstan. The company said sampling of quartz veins returned assay grades up to 27.4g/t Au in the Alatagyl zone. The intrusive related Alatagyl target begins at surface and has a very large surface footprint; as such, combined with historical drill results, it has the potential to be a large orebody if the grade and quantity of veins are proven up in drilling.

Greatland Gold (GGP), the exploration and development company, announced the commencement of the 2022 exploration programme at its 100% owned projects in the highly prospective Paterson province of Western Australia. The company said the 2022 campaign at Scallywag follows encouraging exploration results reported last year, where four of seven holes intercepted gold mineralisation. The maiden drill programme at our newly acquired Pascalle and Rudall tenements is equally significant with Rudall considered to be prospective for Havieron and Telfer style gold-copper occurrences, while Pascalle sits directly between the two world class discoveries of Havieron and Telfer.

Cornerstone FS (CSFS), the provider of international payment services to SMEs, announced its final results for the year ended 31 December 2021. The company said the strong trading momentum of 2021 has been sustained into the current year and through the first half. As a result, and combined with the contribution from the acquisition this year of Capital Currencies, the Board continues to expect to achieve significant revenue growth for full year 2022, in line with market expectations.

Tristel (TSTL), the manufacturer of infection prevention products, reports that it has submitted its De Novo request for approval to the FDA. Tristel Duo ULT is used for the disinfection of ultrasound probes. Tristel Duo ULT is a high-level disinfectant foam that can be used on ultrasound probes used for intra-cavitary and skin surface diagnostic procedures. Ultrasound probe disinfection accounts for approximately 40% of the Company’s global revenue which analysts forecast at £28 million for the current financial year.

ECR Minerals (ECR), the gold exploration and development company, announced unaudited half-yearly financial results for the six months ended 31 March 2022. The company said that as anticipated assay results begin to arrive, there is the possibility of developing a resource at both the Bailieston and Creswick projects. It is also encouraged about the prospectivity demonstrated by new licences at Lolworth Range, North Queensland and our East Victoria exploration licence at Tambo. The potential to realise shareholder value from our Danglay asset in the Philippines, could result in an “exciting” year ahead.

Guild Esports, (GILD), a global teams organisation and lifestyle brand, announce its unaudited financial results for the six months ended 31 March 2022. The company said Guild has achieved strong revenue growth in the first half as it benefitted from the hard work and investment made in the business during its maiden year of operations in 2021. The pipeline of potential partners and sponsors continues to strengthen, and the momentum gained in the first half has positioned Guild for an even stronger second half.

Verditek (VDTK), the international clean technology company that develops, announced that it has raised £1,520,000. The company said that although raising cash via dilution is never an easy decision to take, over 80% of the raise has been achieved with long-term shareholders, including a director, who continue to believe in the future of the company.

Author @ZaksTradersCafe

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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